https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6024104&GUID=A688ABE8-9DAA-4A19-926F-BA72DA91B877&G=A5FAA737-A54D-4A6C-B1E8-FF70F765FA94Legistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6024104&GUID=A688ABE8-9DAA-4A19-926F-BA72DA91B877&G=A5FAA737-A54D-4A6C-B1E8-FF70F765FA94A688ABE8-9DAA-4A19-926F-BA72DA91B877-2025-06-09-07-27-42Title: CONSIDER: A. AUTHORIZING the Chief Executive Officer to approve a no cost Memorandum of Understanding (MOU) with the City of Los Angeles (City) for participation in the City’s Contractor Development and Bonding Assistance Program; B. AUTHORIZING the Chief Executive Officer to award a Contract to Merriwether & Williams Insurance Services (MWIS) for a not to exceed amount of $2,650,780 for a three-year Bonding Assistance Program, effective March 1, 2023 to February 28, 2026, which piggy-backs on the City of Los Angeles’ contract; and (REQUIRES SIMPLE, SEPARATE MAJORITY VOTE OF THE FULL BOARD) C. ADOPTING a resolution, Attachment A, authorizing the Chief Executive Officer and other Authorized Officers to continue the $4,000,000 line of credit with Bank of America at a cost of $18,000 per year, for three years and to execute as needed, individual standby letters of credit at a cost of $2,000 each or 2% of the value of each letter of credit executed, whichever is greater.Mon, 09 Jun 2025 07:27:42 GMT